Ravneet Gill takes charge as Yes Bank MD, CEO

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Friday 1 March 2019 2:40 pm IST

Yes Bank said Ravneet Gill has taken charge as its MD and CEO with immediate effect for a tenure of three years.

"Ravneet Gill has joined Yes Bank as MD & CEO on Friday. His tenure as approved by RBI is 3 years from the date of his joining, i.e. March 1, 2019 to February 28, 2022," Yes Bank said in a regulatory filing.

The appointment of Gill, will be subject to approval of shareholders' at the ensuing annual general meeting of the Bank to be held in June, 2019.

Gill is not related to any of the directors of the Bank and he has affirmed that he is not debarred from holding office of director by virtue of any order of Securities and Exchange Board of India or any other such authority, the private sector lender said.

Yes Bank further said that Ajai Kumar has ceased to be an Interim MD & CEO of the Bank with effect from the close of business hours of February 28, 2019